One-Page Deal Sheet
Spartan to Acquire Saskatchewan Assets for $62.2 Million
Spartan Energy Corp. Not Disclosed
Announced Date
June 29,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
62
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Mississippian}
Net Acres
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin,Canada
Country
Canada
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Spartan Energy Corp. has entered into a definitive agreement with an arm's length oil producer providing for the acquisition by Spartan of approximately 1,500 boe/d (99% light oil and liquids) of low-decline production focused in the Alida, Tilston and Souris Valley fairways of southeast Saskatchewan.
The total consideration for the Corning-Manor Acquisition is approximately $62.2 million, subject to customary closing adjustments. The Corning-Manor Acquisition is expected to be completed on June 30, 2016. The acquisition will be funded through indebtedness drawn on Spartan's existing credit…
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| Sep-03-2019 |
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